Ferrari(US:RACE) Globenewswire·2025-12-03 18:28Core Insights - Ferrari has signed a Euro 350 million unsecured committed revolving credit facility for general corporate and working capital purposes [1][2] - The new facility has a five-year term with two one-year extension options, replacing the previous Euro 350 million facility due December 2026 [2] - The new credit facility offers a lower cost of capital compared to the prior facility, indicating strong support from a group of twelve international banks [3] Company Overview - Ferrari is a leading luxury brand known for its racing, sports cars, and lifestyle products, symbolizing exclusivity and innovation [4] - The brand is closely associated with its Formula 1 team, Scuderia Ferrari, which has won 16 Constructors' and 15 Drivers' world titles since 1950 [4] - Ferrari designs and produces iconic luxury sports cars sold in over 60 markets worldwide, along with personal luxury goods and experiences [4]